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We mention the acronym ACH quite a bit on the Dwolla blog: ACH payments, ACH Payouts, and API for ACH. But I realize that this term may not be crystal clear for those who don’t deal in payments on a daily basis. We’re taking a step back to break ... Read more
Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.